Toyota Matrix Insurance Rates
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UPDATED: Jun 3, 2023
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Estimated insurance prices for a Toyota Matrix are $868 every 12 months for full coverage insurance. Comprehensive insurance costs around $116, collision insurance costs $152, and liability insurance is estimated at $442. A policy with only liability insurance costs approximately $496 a year, and a high-risk policy costs $1,868 or more. Teen drivers pay the most at up to $3,614 a year.
Average premium for full coverage: $868
Premium estimates for type of coverage:
Price estimates include $500 comprehensive and collision deductibles, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Rates include averaging for all 50 states and for all Matrix models.
Insurance Price Range by Risk and Coverage
Using a middle-aged driver as an example, insurance rates for a Toyota Matrix range from the cheapest price of $496 for just liability coverage to the much higher price of $1,868 for a high-risk insurance policy.
Insurance Price Range by Location
Living in a larger city has a significant impact on car insurance rates. Areas with sparse population are statistically proven to have more infrequent physical damage claims than larger metro areas. The example below illustrates how where you live affects auto insurance rates.
These rate differences illustrate why everyone should get quotes for a specific zip code and their own driving history, rather than relying on price averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Detailed Rate Analysis
The chart below illustrates average Toyota Matrix insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $536
- Choosing higher $1,000 deductibles can save about $62 each year
- The average price for a 40-year-old good driver using $500 deductibles is $868
- Choosing pricier low deductibles for comp and collision coverage costs an extra $116 a year
- High-risk insureds with multiple violations and an at-fault accident could pay at least $1,868
- An auto insurance policy to insure a teen driver for full coverage can be $3,614 each year
Car insurance prices for a Toyota Matrix also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the trim level and model year.
Choosing high deductibles can save as much as $180 each year, whereas buying more liability protection will increase prices. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $398 extra every 12 months. View Rates by Deductible or Liability Limit
A more mature driver with no driving violations and higher deductibles could pay as little as $800 annually on average, or $67 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers will be charged as much as $3,600 a year. View Rates by Age
If you have a few violations or you were responsible for an accident, you are probably paying at least $1,000 to $1,500 extra annually, depending on your age. Toyota Matrix insurance for high-risk drivers ranges anywhere from 42% to 128% more than average. View High Risk Driver Rates
Where you choose to live plays a big part in determining prices for Toyota Matrix insurance rates. A good driver about age 40 could pay as low as $570 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,170 on average in Michigan, New York, and Florida.
State | Premium | Compared to U.S. Avg | Percent Difference |
---|---|---|---|
Alabama | $786 | -$82 | -9.4% |
Alaska | $666 | -$202 | -23.3% |
Arizona | $722 | -$146 | -16.8% |
Arkansas | $868 | -$0 | 0.0% |
California | $990 | $122 | 14.1% |
Colorado | $830 | -$38 | -4.4% |
Connecticut | $892 | $24 | 2.8% |
Delaware | $982 | $114 | 13.1% |
Florida | $1,086 | $218 | 25.1% |
Georgia | $800 | -$68 | -7.8% |
Hawaii | $624 | -$244 | -28.1% |
Idaho | $588 | -$280 | -32.3% |
Illinois | $648 | -$220 | -25.3% |
Indiana | $652 | -$216 | -24.9% |
Iowa | $584 | -$284 | -32.7% |
Kansas | $826 | -$42 | -4.8% |
Kentucky | $1,186 | $318 | 36.6% |
Louisiana | $1,286 | $418 | 48.2% |
Maine | $536 | -$332 | -38.2% |
Maryland | $718 | -$150 | -17.3% |
Massachusetts | $696 | -$172 | -19.8% |
Michigan | $1,508 | $640 | 73.7% |
Minnesota | $726 | -$142 | -16.4% |
Mississippi | $1,040 | $172 | 19.8% |
Missouri | $770 | -$98 | -11.3% |
Montana | $934 | $66 | 7.6% |
Nebraska | $684 | -$184 | -21.2% |
Nevada | $1,040 | $172 | 19.8% |
New Hampshire | $626 | -$242 | -27.9% |
New Jersey | $970 | $102 | 11.8% |
New Mexico | $770 | -$98 | -11.3% |
New York | $916 | $48 | 5.5% |
North Carolina | $500 | -$368 | -42.4% |
North Dakota | $710 | -$158 | -18.2% |
Ohio | $602 | -$266 | -30.6% |
Oklahoma | $892 | $24 | 2.8% |
Oregon | $796 | -$72 | -8.3% |
Pennsylvania | $830 | -$38 | -4.4% |
Rhode Island | $1,160 | $292 | 33.6% |
South Carolina | $786 | -$82 | -9.4% |
South Dakota | $734 | -$134 | -15.4% |
Tennessee | $762 | -$106 | -12.2% |
Texas | $1,046 | $178 | 20.5% |
Utah | $644 | -$224 | -25.8% |
Vermont | $594 | -$274 | -31.6% |
Virginia | $522 | -$346 | -39.9% |
Washington | $672 | -$196 | -22.6% |
West Virginia | $796 | -$72 | -8.3% |
Wisconsin | $602 | -$266 | -30.6% |
Wyoming | $774 | -$94 | -10.8% |
Insurance Rates by Trim Level and Model Year
Model and Trim | Annual Premium | Monthly Premium |
---|---|---|
Toyota Matrix 2WD | $838 | $70 |
Toyota Matrix S 2WD | $878 | $73 |
Toyota Matrix S AWD | $878 | $73 |
Toyota Matrix XRS 2WD | $878 | $73 |
Rates assume 2003 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.
Model Year | Comprehensive | Collision | Liability | Total Premium |
---|---|---|---|---|
2010 Toyota Matrix | $148 | $222 | $474 | $1,002 |
2009 Toyota Matrix | $140 | $202 | $474 | $974 |
2008 Toyota Matrix | $134 | $182 | $468 | $942 |
2007 Toyota Matrix | $132 | $178 | $460 | $928 |
2006 Toyota Matrix | $130 | $168 | $452 | $908 |
2005 Toyota Matrix | $120 | $160 | $446 | $884 |
2004 Toyota Matrix | $116 | $152 | $442 | $868 |
Rates are averaged for all Toyota Matrix models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Shop for Cheaper Toyota Matrix Insurance
Finding better rates on Toyota Matrix insurance takes having a decent driving record, maintaining a good credit score, paying for small claims out-of-pocket, and consideration of higher deductibles. Take the time to comparison shop at least every other year by getting rate quotes from direct insurance companies, and also from your local independent and exclusive agents.
The following items are a condensed summary of the car insurance concepts touched on in the above illustrations.
- High-risk drivers with multiple at-fault accidents may pay on average $1,000 more every year than a driver with a clean driving record
- It is possible to save up to $90 per year just by quoting online well ahead of the renewal date
- Increasing policy deductibles could save as much as $175 each year
- Drivers who may need additional liability coverage will pay about $490 annually to raise limits from 30/60 bodily injury limits to a 250/500 level
Rate Tables and Charts
Rates by Driver Age
Driver Age | Premium |
---|---|
16 | $3,614 |
20 | $1,998 |
30 | $876 |
40 | $868 |
50 | $798 |
60 | $782 |
Full coverage, $500 deductibles
Rates by Deductible
Deductible | Premium |
---|---|
$100 | $984 |
$250 | $932 |
$500 | $868 |
$1,000 | $806 |
Full coverage, driver age 40
Rates by Liability Limit
Liability Limit | Premium |
---|---|
30/60 | $868 |
50/100 | $966 |
100/300 | $1,077 |
250/500 | $1,364 |
100 CSL | $1,011 |
300 CSL | $1,254 |
500 CSL | $1,431 |
Full coverage, driver age 40
Rates for High Risk Drivers
Age | Premium |
---|---|
16 | $5,062 |
20 | $3,180 |
30 | $1,874 |
40 | $1,868 |
50 | $1,790 |
60 | $1,772 |
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
Discount | Savings |
---|---|
Multi-policy | $43 |
Multi-vehicle | $47 |
Homeowner | $16 |
5-yr Accident Free | $50 |
5-yr Claim Free | $53 |
Paid in Full/EFT | $29 |
Advance Quote | $37 |
Online Quote | $57 |
Total Discounts | $332 |
Discounts are estimated and may not be available from every company or in every state.
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